First Global Credit Stocks News Roundup – 5th October

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The latest news round up for trade-able items on the First Global Credit platform, covering:

3M Company

Apple

Bitcoin

Gold

Google

Microsoft

Netflix

Union Pacific

3m Company (NYSE:MMM)

Shares of 3M Company (NYSE:MMM) rose by 2.61% in the past week and 2.4% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.56% and the outperformance increases to 0.82% for the last 4 weeks.

On Friday heightened volatility was witnessed in 3M Company which led to swings in the share price. The shares opened for trading at $139.08 and hit $143.3 on the upside, eventually ending the session at $143.2, with a gain of 1.7% or 2.4 points. The heightened volatility saw the trading volume jump to 3,064,411 shares. The 52-week high of the share price is $170.5 and the company has a market cap of $89,463 million. The 52-week low of the share price is at $130.6.

Apple Inc. (NASDAQ:AAPL) has dropped 3.77% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.02% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 4.76%. Apple Inc. has underperformed the index by 0.54% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

On Friday heightened volatility was witnessed in Apple Inc. which led to swings in the share price. The shares opened for trading at $108.01 and hit $111.0136 on the upside, eventually ending the session at $110.38, with a gain of 0.73% or 0.8 points. The heightened volatility saw the trading volume jump to 58,019,758 shares. The 52-week high of the share price is $134.54 and the company has a market cap of $629,466 million. The 52-week low of the share price is at $92.

The company shares have rallied 10.8% in the past 52 Weeks. On April 28, 2015 the shares registered one year high of $134.54 and one year low was seen on August 24, 2015 at $92. The 50-day moving average is $112.29 and the 200 day moving average is recorded at $122.67. S&P 500 has rallied 0.84% during the last 52-weeks.

The National Bank of Ukraine (NBU), the country’s central bank, has issued a Bitcoin warning to regional banks and other financial institutions, the second after a year’s gap.

The latest warning comes in the wake of Bitcoin’s growing popularity within the national borders. According to a Ukrainian daily, a recently held Bitcoin conference in capital Kiev has sparked a series of conferences and meetings among the regional banking institutions, a factor that could lead to an organic Bitcoin adoption rate in the country.

But despite growing interests, Bitcoin is still a risky and speculative asset that might hurt individuals financially, in one way or another. NSU’s warning, therefore, appears more to be a reminder for banks and people to stay away from this new technology, until further notice.

Natalia Lapko, the Director of NBU’s payment systems department, had earlier presented a balanced opinion on Bitcoin, saying that she believes in its potential, but also supports the need of regulation for such disruptive technologies.

Gold prices edged lower in European morning hours on Friday, but losses were expected to remain limited as Friday’s downbeat U.S. jobs data dampened expectations for a December rate hike by the Federal Reserve.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery slipped 0.22% to $1,134.10.

The December contract ended Thursday’s session 2.06% higher at $1,136.60 an ounce.

Futures were likely to find support at $1,124.30, the low from September 24 and resistance at $1,141.20, the high from October 2 and a one-week high.

The Labor Department reported on Friday that the U.S. economy added just 142,000 jobs last month, well below expectations of the 203,000 expected by economists.

The report underlined fears that a slowdown in global economic growth has spread to the U.S. economy and prompted investors to push back expectations on the timing of an initial rate hike by the Fed to early 2016.

Gold had been pressured lower in recent months by uncertainty over when the Fed would hike interest rates from record-lows.

Expectations of higher borrowing rates going forward is considered bearish for gold, as the precious metal struggles to compete with yield-bearing assets when rates are on the rise.

Shares of Google Inc. (NASDAQ:GOOGL) rose by 2.63% in the past week and 4.46% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.58% and the outperformance increases to 2.84% for the last 4 weeks.

On Friday heightened volatility was witnessed in Google Inc. which led to swings in the share price. The shares opened for trading at $638.01 and hit $658.2555 on the upside, eventually ending the session at $656.99, with a gain of 2.33% or 14.99 points. The heightened volatility saw the trading volume jump to 2,439,435 shares. The 52-week high of the share price is $713.33 and the company has a market cap of $190,452 million. The 52-week low of the share price is at $490.91.

The company shares have rallied 11.77% in the past 52 Weeks. On July 22, 2015 the shares registered one year high of $713.33 and one year low was seen on January 12, 2015 at $490.91. The 50-day moving average is $653.09 and the 200 day moving average is recorded at $595.12. S&P 500 has rallied 0.84% during the last 52-weeks.

Microsoft and Google have reached a mutual agreement to end the patent disputes that the two companies are involved in, with all the pending lawsuits that the companies filed against each other now being dismissed.

In their statement, which did not discuss financial terms to the agreement, said: “Microsoft and Google are pleased to announce an agreement on patent issues“.

They also agreed to collaborate on patent matters and work together “to benefit our customers”. The two companies had been litigating over technology innovations for five years.

According to the Bloomberg report, “the two companies are lobbying to ensure [patent troll] lawsuits don’t become as prevalent in Europe as they are in the U.S”.

Shares of Microsoft Corporation (NASDAQ:MSFT) rose by 3.71% in the past week and 6.95% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.65% and the outperformance increases to 5.29% for the last 4 weeks.

Sell side brokers and analysts continue to rate Netflix Incorporated: The overall rating for the company is 2.07. The rating is an average of the various different ratings given by analysts and brokers to Netflix Incorporated, and then averaged into one rating by a team of analysts at Zacks in Chicago, Illinois.

14 Analysts rate the company a strong buy

4 Analysts rate the company a buy

9 Analysts rate the company a hold

0 Analysts rate the company a sell

2 Analysts rate the company a strong sell

Netflix Incorporated shares will open today at 106.00 after closing yesterday at 105.98.
The stock had changed +0.12% since market close yesterday. In the most recent trading session, company stock traded at a low of 101.45 and a high of
106.87, on average volume of 21642600.

Citigroup have set a target price of $103.00 on Union Pacific shares. This is 12.08% from the current stock price. In an analyst report made public on 2 October, Citigroup reaffirmed their Buy rating on shares of UNP.

NYSE:UNP is at the moment trading 1.66% higher at $91.90 as of 02:58 New York time. Union Pacific’s stock is down -17.72% over the last 200 days. It has underperformed the S&P 500, which has declined -1.08% over the same time.

According to data compiled by Thomson Reuters, Union Pacific (NYSE:UNP)’s stock is covered by 26 equity analysts across the Street, with 0 analysts giving it a Sell rating, 23 a Buy rating, while 6 consider it a Hold. The 12-month consensus target price for the stock is $106.29, which reflects an upside potential of 15.66% over the current price.

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